https://newark.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=6269008&GUID=5BB983DF-7C2F-421A-B966-D4B611F15095Legistar15https://newark.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=6269008&GUID=5BB983DF-7C2F-421A-B966-D4B611F150955BB983DF-7C2F-421A-B966-D4B611F15095-2023-11-07-16-43-35Title: Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Affordable Housing Agreement for HOME Funds Purpose: To authorize the execution of an Affordable Housing Agreement with Urban League of Essex County Opportunity Corporation to construct a new affordable housing project consisting of eight (8) two-family owner-occupied residential buildings for a total of sixteen (16) housing units of which eight (8) housing units shall be affordable and designated as deed-restricted affordable homeownership housing units offered for sale to qualified low-income single family households. Entity Name: Urban League of Essex County Opportunity Corporation Entity Address: 508 Central Avenue, Newark, New Jersey 07107 Grant Amount: $750,000.00 Funding Source: Federal HOME Program Funds Contract Period: HOME Program Funds must be expended within forty-eight (48) months from the date of adoption Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable CTue, 07 Nov 2023 16:43:35 GMT